Section Two Homework One
Given the below information you are to find the nominal GDP for all four quarters. You are to find the price index for all four quarters. You are to find real GDP for all four quarters. You are to find the
percent rate of change in real GDP from the first to the second quarter then from the second to the third quarter then from the third to the fourth quarter. Using real GDP from the third to the fourth
quarter you are lo stato how long it will take for real GDP to double in size. You must show all work and take all steps. Your work must be completed in a neat well organized easy to follow manner to
receive credit
GDP
С
+
G
+
Ig
70
300
170
Price
$4
$5
01
Q2
Q3
04
370
430
570
130
170
230
NX
30
30
30
30
230
270
370
S6
$7